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Market Wrap

AAP  |  WEDNESDAY, 24 MAR 2004
The Australian dollar opened fractionally weaker, gaining little direction from offshore as the United States dollar gave up its early gains to close weaker in a choppy market. At 0700 AEDT the local currency was trading at $US0.7521/26 compared with ...

Market Wrap

AAP  |  TUESDAY, 23 MAR 2004
The Australian dollar opened stronger, buoyed by a firmer gold price and a weaker United States dollar which fell broadly across the board. At 0700 AEDT the local currency was trading at $US0.7530/34 compared with yesterday's close of 0.7452/57. Offshore ...

ING RetireInvest board to be chaired by David Bleakley

AAP  |  FRIDAY, 19 MAR 2004
Financial services provider ING Australia said yesterday it had appointed David Bleakley to the position of chairman of the board of RetireInvest. Mr Bleakley would also take on the directorship of Tandem Financial Advice and the chair of the investment ...

S&P says consolidation in Listed Property sector is slowing

AAP  |  FRIDAY, 19 MAR 2004
Standard & Poor's said yesterday that the consolidation in the Australian property trust sector seen in 2003 appears now to be slowing. It said in its wake, were left larger, more diverse listed property trusts (LPTs) and stapled property groups. Craig ...

Market Wrap

AAP  |  FRIDAY, 19 MAR 2004
The Australian dollar opened firmer after a security scare on the Eurostar train in France and fears Japan may stop intervening in the currency market, drove the United States dollar down against most currencies. At 0700 AEDT the local currency was ...

Macquarie Bank appoints Dr Tom Parry to head community fund

AAP  |  THURSDAY, 18 MAR 2004
Macquarie Bank Ltd has appointed the head of the Independent Pricing Tribunal (IPART), Dr Tom Parry, to spearhead its new community partnerships funds management business. Macquarie said yesterday the initiative would provide investment vehicles through ...

NAB head of foreign exchange resigns

AAP  |  THURSDAY, 18 MAR 2004
National Australia Bank Ltd (NAB), stung by $360 million in forex trading losses, yesterday said the head of its global foreign exchange division, Peter Cunningham, has resigned. NAB sacked five foreign exchange traders, while three senior executives ...

Market Wrap

AAP  |  THURSDAY, 18 MAR 2004
The Australian dollar opened little changed, supported above 74 US cents by the rise in base metals and commodity prices and relatively high interest rates. At 0700 AEDT the local currency was trading at $US0.7411/16 compared with yesterday's close ...

NAB chairman Graeme Kraehe quits Brambles board

AAP  |  WEDNESDAY, 17 MAR 2004
National Australia Board chairman Graeme Kraehe has resigned from the board of Brambles Ltd yesterday in the first of several director seats he has promised to leave so he can devote more time to the bank. Kraehe was appointed chairman of Australia\'s ...

Labor says we were wrong on super blooper

AAP  |  WEDNESDAY, 17 MAR 2004
Federal Labor was yesterday forced to admit to an embarrassing bungle in its latest pensions promise and confessed it had no plans to pay retirees an extra $25-a-week. The opposition owned up to the mistake after Treasurer Peter Costello seized on Opposition ...